There's only one way Trump can fix Powell's opposition at the Fed

Contributing sentiments towards policy:

64% : Trump would likely demand that the Fed drop rates further - the success of his entire economic program seems to depend on it.
49% : Then, to quiet the inevitable critics, Trump should appoint an outstanding academic economist or experienced banker to continue the campaign against inflation.
49% : Trump can fire Powell under the laws that created the Federal Reserve as well as under the Constitution.
49% : Trump can fire Powell under the laws that created the Federal Reserve as well as under the Constitution.
48% : If Trump seeks to take Powell up on his provocation, he will win in court.
47% : During this year's election campaign, Trump outlined ambitious plans for government spending on new programs (on some estimates, costing as much as $15.5 trillion over 10 years), even while promising a variety of tax cuts that might increase the deficit further.
46% : Trump and Powell have long been on a collision course.
46% : If Powell seeks to protect his institution, the better course would be to resign and allow Trump - at the head of a broad nationwide majority that wants a sharp change in economic policy -- to replace him and his colleagues.
45% : Should Trump wish to demote Powell from Fed chairman to Board member, he can.
42% : Trump should do so not because he has any policy dispute with the chairman, but to make clear that the Constitution makes all executive branch officials responsible to the president.
42% : If Trump were to remove the Fed chair, perhaps the most politically insulated official in the federal bureaucracy, he would display his seriousness in uprooting an unelected bureaucracy that, in the name of public health and safety, has stifled the economy and seized political power.
41% : Two years before, in West Virginia v. EPA, the Court erected a new "major questions" rule that forbids agencies from enforcing regulations that have a major economic, political or social impact without Congress's explicit authorization.
40% : His curt rejection may be the equivalent of waving a red flag in front of Trump.
36% : Even though Trump himself appointed Powell as Fed chair in 2017, their quarrel has simmered for years.
35% : In his first term, Trump regularly called for lower rates to stimulate economic growth, and once even suggested negative interest rates.
31% : Trump cannot fire all the administrative assistants in the executive branch, for example.
28% : Although the tariffs Trump is proposing might offset those revenue losses to some extent, and substantial savings in governmental efficiency might possibly be achieved as Elon Musk takes a knife to the bureaucracy, Trump's proposals would likely require large amounts of government borrowing.
27% : Trump has already signaled that he might want to fire the Fed chair.
26% : But can Trump remove Powell (and his colleagues) from membership on the board, given the statute's requirement that they can only be removed from those positions "for cause?"
19% : "LIFELONG DEM, WHO VOTED TRUMP, CLASHES WITH CBS REPORTER ON THE STATE OF THE BIDEN ECONOMYPowell says Trump couldn't fire him even if he tried.
19% : Significantly, the statute provides no express protection against removing Powell as chair - though under the statute, Trump would need "cause" to remove him from the board.
17% : Asked at a recent news conference whether Trump could fire him, Powell said that that was "not permitted under the law.
16% : And if Powell resists, then Trump may want to fire him.

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